Making work pay is good for growth October 17, 2024 Don’t listen to populist outcry over the Employment Rights Bill, all the evidence shows protecting workers from exploitation is good for the economy, says Sam Fowles Labour workers’ rights reforms have prompted predictable howls of outrage. The Employment Rights Bill, apparently, “injects fear” into business and will “damage British competitiveness”. Ironically, the most hysterical wails [...]
Investor confidence dropped on capital gains tax and pension Budget fears October 16, 2024 The Hargreaves Lansdown investor confidence index dropped more than 11 per cent over the last month as fears of the Budget spread throughout UK investors. Confidence among investors has been on a downward trend for some time, with a similar sized fall happening the month before. “The looming budget in the UK, due to be [...]
When it comes to national insurance, the government is pulling a fast one October 16, 2024 One of the many problems the government has got itself into over tax rises that may or may not appear in the upcoming Budget is an oversimplification of where the cost of a certain tax falls. Ministers and their supporters talk about Capital Gains Tax as if it only lands on rich people selling off [...]
International Investment Summit showcased the best of Britain October 15, 2024 After years of uncertainty about the vision and direction of the UK, investors should once again view Britain as serious about leading the race to a greener economy and being the go-to destination for inward investment, says John Caudwell Britain pioneered industrialisation. The entrepreneurialism of British engineers and innovators sparked the first industrial revolution, a [...]
Entrepreneurs ‘can’t be in doubt’ about our growth pledge, Reynolds argues October 15, 2024 Entrepreneurs who signed an open letter warning about the impact of hiking capital gains tax “can’t be in any doubt” about Labour’s commitment to economic growth, Jonathan Reynolds told Morning Wire. The business and trade secretary was responding to a letter signed by a group of 500 British entrepreneurs, including the founders of Signal AI, [...]
Reeves hails £63bn boost for Britain at flagship investment summit October 14, 2024 Reeves welcomed the investment news, insisting her “ambition for Britain burns brighter than ever”, while the government said the deals will see some 38,000 new jobs created in the UK.
The UK is an economic powerhouse – and we should know October 14, 2024 Brits should be less British about boasting about the strengths of our economy and our enduring spirit of entrepreneurialism, creativity and innovation, says Saker Nusseibeh It is a common characteristic of our national discourse to err towards the negative. An inclination to see, but not celebrate, what this country already does so well. Perhaps it [...]
If growth is the challenge then investment is the solution October 14, 2024 The UK needs to drastically improve its ‘fundamentals’ in housing, energy, transport and digital infrastructure in order to attract private investment, and today's summit is the right place to start, says Dan Tomlinson MP
Bosses at world’s biggest banks: Britain is ‘ready for investment’ October 14, 2024 Bosses at five of the world’s biggest banks, along with a host of insurers, private equity firms and tech giants, have backed a push to invest in the UK ahead of the government’s flagship investment summit today. More than a dozen executives signed a letter stating that they were optimistic about the future of the [...]
Scale-ups: How to turn big ideas into big business October 14, 2024 The UK is a global leader in start-ups, but too many are running up against a brick wall when they seek the support, skills and the finance they need to scale up, says Rain Newton Smith With the government’s UK Investment Summit today, the big question for many is how we can actually make that [...]